Zacks Initiates Coverage of Battalion Oil With Underperform Recommendation

Zacks Investment Research has recently initiated the coverage of Battalion Oil Corporation (BATL) , assigning an “Underperform” rating to the stock. This decision reflects ongoing challenges in the company’s operations and financial metrics.Battalion Oil's financial performance has been under pressure, with the first quarter of 2024 continuing a troubling trend. The company's operating revenues fell 23.3% year over year to $49.9 million on lower production volumes and reduced realized prices. Average daily ...